2022-11-15T12:45:46-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2021-01-01 521266582 WESTMINSTER CANTERBURY OF WINCHESTER INC WEST 5406650156 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 DUANE A WERNECKE CFO 5406650156 2022-11-15 1 DUANE WERNECKE XXX-XX-XXXX JOHN NORMAN P01506766 7049985200 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SHENANDOAH VALLEY WESTMINSTER-CANTER GLORIA J SHILEY 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 33012155 0 X WWW.SVWC.ORG X 1982 VA ENABLING RESIDENTS TO USE THEIR GIFTS FULLY, LIVE LIVES RICHLY, & ENJOY THE YEARS GOD HAS GIVEN. 19 19 431 100 0 0 228549 333006 27384844 29982211 -55399 2696938 0 0 27557994 33012155 223586 164169 0 0 14088197 15115372 0 0 269591 13256288 13302354 27568071 28581895 -10077 4430260 117704168 121404030 97492447 97481528 20211721 23922502 X WESTMINSTER CANTERBURY OF WINCHESTER, INC. ("SVWC") IS A NOT-FOR-PROFIT, INTIMATE, CHURCH RELATED CONTINUING CARE RETIREMENT COMMUNITY THAT IS COMMITTED TO ENABLING RESIDENTS TO USE THEIR GIFTS FULLY, LIVE THEIR LIVES RICHLY, AND ENJOY WITH DIGNITY THE YEARS GOD HAS GIVEN THEM. 0 0 25116981 164169 29982211 IN ADDITION TO SERVING RESIDENTS OF SVWC, THE CORPORATION PROVIDES MEETING SPACE FOR LOCAL NON-PROFITS AND CIVIC ORGANIZATIONS; HOSTS CERTAIN COMMUNITY EVENTS; DONATES MEDICAL SUPPLIES TO THE LOCAL FREE MEDICAL CLINIC; BUILDING SUPPLIES TO HABITAT FOR HUMANITY; PROVIDES LAUNDRY SERVICES FOR THE WINCHESTER AREA TEMPORARY THERMAL SHELTER DURING WINTER MONTHS; AND PROVIDES FUNDING TO MANY COMMUNITY AND NATIONAL ORGANZATIONS. 25116981 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 57 0 431 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X DUANE WERNECKE 5406655917 300 WESTMINSTER-CANTERBURY DRIVE WINCHESTER VA 22603 SCOTT ARTHUR TREASURER / SECRETARY 1.00 X X 0 0 0 SCOTT HARVARD VICE CHAIR 1.00 1.00 X X 0 0 0 MARTIN TABAKA BOARD MEMBER 1.00 X 0 0 0 PAT KOFALT BOARD MEMBER 1.00 X 0 0 0 DAVID WINGENBACH BOARD MEMBER 1.00 X 0 0 0 BRIDGET AIKENS BOARD MEMBER 1.00 X 0 0 0 CINDIA STEWART PHD BOARD MEMBER 1.00 X 0 0 0 JEFFREY M WEBBER BOARD MEMBER 1.00 X 0 0 0 COURTNEY WARNER BOARD MEMBER 1.00 X 0 0 0 REV DAN MCCOIG CHAIRMAN 1.00 X X 0 0 0 SUSAN KAGEY CFP BOARD MEMBER 1.00 X 0 0 0 JOHN DORSEY BOARD MEMBER 1.00 X 0 0 0 PATRICIA BARNES BOARD MEMBER 1.00 X 0 0 0 LINDA GIBSON BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER MOLDEN BOARD MEMBER 1.00 X 0 0 0 R ROB BOYD BOARD MEMBER 1.00 X 0 0 0 BRUCE JACKSON BOARD MEMBER 1.00 X 0 0 0 DONALD GANSKE BOARD MEMBER 1.00 X 0 0 0 JOHN H ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 G JEANNIE SHILEY PRESIDENT/ CEO 40.00 X 287917 0 34664 DUANE A WERNECKE CFO 40.00 X 155947 0 28111 CHANDA PALMER CHIEF OPERATING OFFICER 40.00 X 120673 0 9533 JOHN FERRULLI DIRECTOR OF IT 40.00 X 154578 0 18053 719115 0 90361 10 0 1 0 SFCS 305 S JEFFERSON ST ROANOKE VA 24011 ARCHITECTUAL SERVICES 1355620 CARROLL CONSTRUCTION 283 EBERT ROAD WINCHESTER VA 22603 CONSTRUCTION 1097779 MAKO MEDICAL LABORATORIES 8461 GARVEY DR RALEIGH NC 27616 COVID-19 TESTING SVCS 1045700 SIEMENS INDUSTRY INC PO BOX 2134 CAROL STREAM IL 601322134 CONTRACTOR - AUTOMATION 340940 DEHAVENS UNLIMITED LLC 634 N HAYFIELD RD WINCHESTER VA 22603 ELECTRICAL CONTRACTOR 174760 10 333006 333006 RESIDENT SERVICES 623000 12905942 12905942 AMORTIZED FEES 623000 7545101 7545101 HEALTH CARE SERVICES 623000 3403436 3403436 ASSISTED LIVING REVENU 623000 2856666 2856666 3271066 3271066 29982211 654185 654185 2042753 0 2042753 2042753 2042753 33012155 29982211 0 2696938 5000 5000 159169 159169 11998743 9981792 1828822 188129 347146 319975 24137 3034 1910216 1760704 132817 16695 859267 730171 115165 13931 36443 36443 1116323 398873 717450 667321 468901 172813 25607 87482 19495 51367 16620 1414507 1389511 24996 9813 6977 2834 2 23814 12486 11199 129 935230 935230 5646132 5646132 DIETARY 1774498 1774498 OTHER EXPENSES 1374182 1303578 70358 246 THERAPY 155795 155795 ACTIVITIES 60814 48694 6922 5198 28581895 25116981 3195323 269591 1520089 29699 1544160 2121167 95009 0 2151384 1285857 2127 31003 898367 804367 146666449 79973083 67264383 66693366 43251055 47353232 977594 3085339 117704168 121404030 2577804 1782387 59267923 57828299 29405496 29143127 6241224 8727715 97492447 97481528 X 20165428 23869548 46293 52954 20211721 23922502 117704168 121404030 X 4430260 1152970 -1872449 X X 0 1 X 1 0 X 244593 276355 283363 228549 333006 1365866 23215603 24567125 25313414 27384844 29982211 130463197 23460196 24843480 25596777 27613393 30315217 131829063 0 0 0 131829063 1146722 890189 955664 915812 654185 4562572 1146722 890189 955664 915812 654185 4562572 -5841 -4974 -3507 -14322 24601077 25728695 26548934 28529205 30969402 136377313 0.96660 0.96120 0.03350 0.03880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46293 6546 52839 40620 5673 46293 35975 4645 40620 43828 -7853 35975 37516 6312 43828 0.60400 0.39600 0 0 3266459 3266459 118575748 65177150 53398598 18215822 13329257 4886565 6608420 1466676 5141744 66693366 INCOME AND GROWTH ACCOUNTS 41847692 F LIQUIDITY RESERVE ACCOUNTS 5440385 F CORPORATE ENDOWMENT FUND 65155 F 47353232 RESIDENT DEPOSITS 3085339 REFUNDABLE ADVANCE ADMISSION DEPOSIT 4319230 CURENT PORTION OF REFUNDABLE ENTRANCE FEES 860030 INTEREST RATE SWAP 404498 ACCRUED BOND INTEREST PAYABLE 58618 8727715 X PART V, LINE 4: EARNINGS OF THE ENDOWMENT FUNDS CAN BE USED BY THE ORGANIZATION'S ADMINISTRATION TO THE BENEFIT OF THE ORGANIZATION. PART X, LINE 2: THE ORGANIZATION FILES AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. MANAGEMENT HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 OR 2020. 1 FELLOWSHIP FUND ASSISTANCE 6 159169 PART I, LINE 2: WESTMINSTER-CANTERBURY OF WINCHESTER, INC.'S FOUNDATION DIRECTOR REVIEWS ALL GRANT AND DONATION REQUESTS TO OTHER CHARITABLE 501(C)(3) ORGANIZATIONS WITHIN THE COMMUNITY. THE DIRECTOR HAS AN ANNUAL BUDGET OF $30,000 TO BE USED AS DONATIONS AND MUST FOLLOW WESTMINSTER-CANTERBURY'S COMMUNITY BENEFITS POLICY. IN ADDITION, WESTMINSTER-CANTERBURY OF WINCHESTER, INC. HAS A POLICY GOVERNING FELLOWSHIP FUND GRANTS AND ASSISTANCE TO RESIDENTS. BEFORE A RESIDENT BEGINS TO RECEIVE FELLOWSHIP FUND ASSISTANCE, THE CFO PREPARES AN INDIVIDUAL SCHEDULE OF INCOME-LESS EXPENSES. THERE IS ALSO A SECTION WHERE THE INDIVIDUAL IS REQUIRED TO LIST ASSETS. ONCE COMPLETE, THE CFO THEN MAKES A REQUEST TO THE FELLOWSHIP FUND COMMITTEE TO APPROVE THE RESIDENT'S APPLICATION FOR ASSISTANCE. X X X X X 0 0 0 0 0 0 0 0 0 G JEANNIE SHILEY PRESIDENT/ CEO 225829 0 0 0 62088 0 20108 0 14556 0 322581 0 0 0 DUANE A WERNECKE CFO 140735 0 0 0 15212 0 9577 0 18534 0 184058 0 0 0 JOHN FERRULLI DIRECTOR OF IT 130659 0 0 0 23919 0 10405 0 7648 0 172631 0 0 0 PART I, LINE 3 COMPENSATION FOR ALL SENIOR MANAGEMENT IS REVIEWED TO INDUSTRY STANDARDS ON AN ANNUAL BASIS. COMPENSATION FOR OTHER OFFICERS IS REVIEWED ANNUALLY BY THE CEO DURING THE ANNUAL EMPLOYEE REVIEW PROCESS. DOCUMENTATION OF THE DELIBERATION AND DECISION IS CONTAINED IN THE EMPLOYEE'S FILE. A EDA OF THE CITY OF WINCHESTER VA 521232253 NONEAVAIL 2021-05-12 30388088 REFUND OF THE 2014 TAX-EXEMPT BONDS AND FINANCE COSTS OF CURRENT BOND 0 0 0 A 1058961 195562 30192526 1 0 1 1 A 0 1 0 0 0.00300 0.00300 0 0 1 A 0 0 1 0 0 1 ATLANTIC UNION PUBLIC FINANCE 14.000000000000 0 0 0 0 1 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT ELECTRONICALLY DISTRIBUTES THE FEDERAL FORM 990 PRIOR TO FILING WITH THE IRS. QUESTIONS AND OR CONCERNS BY THE ORGANIZATION'S OFFICERS AND BOARD MEMBERS MAY BE FILED ELECTRONICALLY WITH A MANAGEMENT REPRESENTATIVE. DISCUSSIONS CONCERNING THE FORM 990 ARE ALSO ENTERTAINED AT THE NEXT AVAILABLE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED BY THE MEMBERS ANNUALLY. IF A CONFLICT IS FOUND TO EXIST, THE AFFECTED BOARD MEMBER IS ASKED TO ABSTAIN FROM SERVING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS REVIEWED ANNUALLY AND COMPARED TO INDUSTRY STANDARDS BY SVWC'S COMPENSATION CONSULTANT AND BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION FOR ALL SENIOR MANAGEMENT IS REVIEWED BY SVWC'S CEO, DIRECTOR OF HR, AND BY AN INDUSTRY SALARY CONSULTANT ON A QUARTERLY OR SEMI-ANNUAL BASIS. DOCUMENTATION ON DELIBERATION AND DECISION IS CONTAINED ON EITHER CEO'S COMPUTER FILES OR DIRECTOR OF HR COMPUTER FILES. FORM 990, PART VI, SECTION C, LINE 18 ANNUAL DISCLOSURE THROUGH THE STATE CORPORATION COMMISSION WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -404,498. LOSS ON REFINANCING OF LONG-TERM DEBT -1,467,951. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION 300 WESTMINSTER-CANTERBURY DR WINCHESTER VA 22603 474751000 SUPPORTING ORGANIZATION VA 501(C)(3) LINE 12A, I WESTMINSTER CANTERBURY OF WINCHESTER 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION O 199752 CASH SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION C 333006 CASH